"Bitcoin Halted"...The Quiet Market, Why Was It Turned Upside Down?

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While Bitcoin (BTC) entered a breathing period without significant fluctuations over the weekend, Zcash (ZEC) surged by approximately 8% in a single day, instantly shaking up the market trend.

On May 2 (local time), crypto media outlet CryptoPotato reported that in the recent market situation, while Bitcoin showed a stable trend around $78,000, some altcoins exhibited relatively strong upward momentum. After attempting to break above $80,000, Bitcoin's upward momentum slowed, and it entered a sideways trading range without establishing a clear direction. Coupled with the characteristic decrease in trading volume over the weekend, a wait-and-see sentiment spread across the market.

Amidst this stagnant phase, Zcash recorded the most prominent rise among major altcoins. A trend was observed where some funds moved to altcoins while Bitcoin's movement paused.

In the weekend market, when Bitcoin traded sideways, individual altcoins repeatedly showed a pattern of short-term sharp increases. A similar trend appeared this time, drawing market attention to specific assets.

Meanwhile, the current market continues its breathing period without clear upward momentum, and a phase of selective fund movement is ongoing.

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